Allen & Overy advises NATIXIS Pfandbriefbank on Phoenix Spree financing
07 October 2019
Allen & Overy has advised NATIXIS Pfandbriefbank AG (NATIXIS) on the financing of Phoenix Spree Deutschland Limited (Phoenix Spree), an investment company listed in London with a focus on the Berlin residential property market.
The loan will be used to refinance or repay existing bank liabilities and to finance the acquisition of additional residential and commercial units in future.
NATIXIS Pfandbriefbank AG, having its registered office in Frankfurt am Main, is a subsidiary of Natixis S.A., a company of Groupe BPCE, the second largest banking group in France, and focuses its business on the German market for real estate financing.
The NATIXIS team comprised Igor Zizic, Mario Müller, Ralf Reichmann, Laurence Gain and Florence Hullar.
The Allen & Overy team was led by partner Dr Olaf Meisen and comprised counsel Stefan Kuhm and associate Joachim Schmidt (all Real Estate Financing, Frankfurt).